LinkedIn is paying $9m in cash and the rest in its shares for Pulse.
LinkedIn, a Nasdaq-listed business network, has acquired Pulse, a US-based news-reading application backed by publisher Bertelsmann’s former corporate venturing unit, for about $90m.
LinkedIn is paying $9m in cash and the rest in its shares for Pulse, which had raised $10m from E.Ventures (formerly known as BV Capital until last July after its independence from Bertelsman in 2000) and venture capital firms Greycroft Partners, Harrison Metal Capital, Lerer Ventures, Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates and Redpoint Ventures.
